1849-C $5 Gold - Real Or Fake? - Coin Community Forum

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Author	Replies: 6 / Views: 1,868
Joe2007 Pillar of the Community United States 3843 Posts	Posted 09/19/2013 2:47 pm I'm considering placing a bid or two on this coin that is at a local auction house. Can I get your opinions on grade, value, and authenticity? They are selling it with a bunch of common date gold coins and I'll be kicking myself if I don't bid and it goes for common gold prices. Thanks, Joe2007 Report this Post to the Staff

SsuperDdave Moderator United States 23522 Posts	Posted 09/19/2013 3:42 pm I'm inclined to think it real, based on the die crack between the dot and "U" of "UNITED" and the date alignment, both characteristic of Variety 1. Looks like a remarkably well-preserved example, no worse than high AU. A lot rides on your ability to determine if the surfaces are original; that makes the difference between a $2000 coin and a $4000 one. And those are the actual value numbers I'm considering for it. If by some chance it's Uncirculated, better negotiate a second mortgage. Report this Post to the Staff
NathanASE Pillar of the Community United States 1511 Posts	Posted 09/19/2013 4:00 pm with all. Very nice coin! At least high AU, with a shot at MS, although I'm leaning against it.. Very hard to tell for sure with these photos though. And even harder to tell if the surfaces are original. Check it out in person and know what to look for.. If this one goes for common gold prices... Well wow... Jump all over that... Best of luck! Or tell me where the auction is just kidding. Report this Post to the Staff
Joe2007 Pillar of the Community United States 3843 Posts	Posted 09/19/2013 6:09 pm Thank you for the excellent advice. I'm thinking that the coin has been cleaned sometime in the past. Hopefully I will be able to attend the auction preview and I will see if I can take some better quality pictures. I probably won't get it, if the early online bidding is any indication there is at least two people that have some idea of the value of this coin. It went from under melt to over $700 in the last few hours. Thanks again, Joe2007 Report this Post to the Staff
kanga Pillar of the Community United States 5825 Posts	Posted 09/20/2013 09:18 am You're at the point now where you have a coin with enough value that it's worth submitting to one of the respected TPG's. That will solve the question of authenticity and let you know if it has been cleaned/altered. And you'll get a grade as a bonus if it's original. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 09/20/2013 10:35 am True Kanga but first he may have to shell out a lot of bucks before he can send it to the TPG. And if it doesn't come back good or gradable, he's stuck for the loss. Report this Post to the Staff
john1942sept Valued Member United States 286 Posts	Posted 09/20/2013 12:03 pm Nice coin. Report this Post to the Staff
	Replies: 6 / Views: 1,868

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